January 17, 2023 | Posted in:

New Jersey Extends Deadline to File ANCHOR Property Tax Relief Applications

September 19th Update: ANCHOR Benefit Confirmation Letter

If you received the ANCHOR Benefit Confirmation Letter or are eligible to apply, here is what you need to know.

  1. Did you file last year and have no changes? If you have previously filed and have no changes, the application will be filed for you and the benefit will be paid based on information in that letter.
  2. Did you file last year but have changes in income/etc.? If you filed last year but you have changes that need to be made, you have to update by September 30, 2023 by filing out an application on your own.
  3. Did not file last year but are eligible this year? You have until December 29, 2023 to fill out an application and file.

March 28th Update: Check your bank account for direct deposits or check on your benefit status.

Earlier this year, New Jersey announced relief for homeowners and renters. If you are eligible for this rebate, take note of the application deadline, which has recently been extended by Governor Murphy.

NJ ANCHOR Property Tax Relief Applications Deadline Extended

New Jersey has announced that the deadline to file an application for the recently commissioned ANCHOR Property Tax Relief Program has been extended through February 28, 2023. This extension has provided taxpayers with an additional month to apply and has also granted renters who were previously disqualified as a result of their unit being under PILOT (Payment in Lieu of Taxes) agreement with the opportunity to apply for this benefit.


To be eligible for this benefit, homeowners and renters must have occupied their primary residence as of October 1, 2019 and file or be exempt from New Jersey income taxes. Payments will be sent via check or direct deposit and are not subject to federal or state income tax. The state will begin paying ANCHOR benefits in the late Spring of 2023.

Homeowners with 2019 NJ gross incomes up to $150,000 will receive $1,500 in relief, homeowners with incomes over $150,000 and up to $250,000 will receive $1,000 in relief, and renters with incomes up to $150,000 will receive $450 in relief.

Consult with Your CPA

Should you have questions or need to discuss these matters further, your Alloy Silverstein Accountant and Advisor is just one phone or video call away.

Learn more from the Division of Taxation →


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